Marriott Vacations Worldwide announces expanding stake by Senvest Management (NYSE:VAC)

Wednesday, 29 June 2022, 13:27:00
Marriott Vacations Worldwide (VAC) reported that Senvest Management increases passive stake to 5.16% with 2.14M shares ownership.The prior stake stood at ~3.8%.
— Seeking Alpha

Marriott Vacations raises full-year outlook amid ”very high” owner occupancies

Thursday, 16 June 2022, 14:20:33
Marriott Vacations Worldwide Corp. raised on Thursday its full-year financial guidance, as the vacation ownership company assured investors amid growing fears of a coming recession by saying owner occupancies remained “very high” and tour growth was “strong.” The company raised its 2022 guidance ranges for net income to $330 million to $352 million from $317 million to $347 million, for contract sales to $1.78 billion to $1.88 billion from $1.68 billion to $1.78 billion and for adjusted free cash flow to $590 million to $670 million from $560 million to $640 million. The company did not adjusted its full-year outlook for adjusted earnings per share, which it said last month was $9.13 to $10.09, compared with the current FactSet consensus of $9.30. “Given the increased owner usage, the updated guidance reflects the expected impact on rental and exchange revenue and profit this year,” said Chief Executive Stephen Weisz. “The company expects owner usage to normalize in 2023.” The stock, which was indicated up less than 1% in the premarket, has dropped 24.1% year to date through Wednesday, while the S&P 500 has lost 20.5%.
— MarketWatch

Marriott Vacations Worldwide raises FY22 guidance

Thursday, 16 June 2022, 14:16:35
Marriott Vacations Worldwide (VAC) raised its FY guidance wherein it expects adj. development profit margin to remain strong for the year thereby enabling the company to deliver FY22 adj
— Seeking Alpha

Marriott Vacations Worldwide president to succeed retiring CEO

Thursday, 9 June 2022, 17:09:26
Geller to take the reins at beginning of 2023 Read More The post Marriott Vacations Worldwide president to succeed retiring CEO appeared first on hotelbusiness.com .
— Hotel Business

Marriott Vacations CEO Stephen Weisz To Retire In December

Thursday, 9 June 2022, 16:45:50
Marriott Vacations Worldwide Corp (NYSE: VAC ) said Stephen P. Weisz informed his intent to retire as Chief Executive Officer at the end of the company”s … Full story available on Benzinga.com
— Benzinga